Life Insurance

Why Life Insurance is Very Important

Life insurance can be necessary because it helps protect your loved ones from financial stress if you’re no longer there to provide for them. It can help cover major expenses like rent or a mortgage, bills, childcare, and even funeral costs, giving your family stability during a difficult time.

Our Team Understands Life Insurance Best

Our team understands life insurance best because we’ve seen firsthand how much it can truly matter. In 2024, Brian’s father Bill passed away, and the life insurance he had in place protected his wife and Brian’s grandmother from financial hardship, she was able to keep living her life and stay stable, even though Bill’s life had ended. Brian, who will work with you through all the details of life insurance, understands and is here to help.

What Does Life Insurance Do

Life insurance provides financial support to your loved ones if you pass away by helping replace lost income, pay off debts like a mortgage, cover funeral costs, and keep your family financially stable, and many people don’t realize you can also add riders to a policy that may help with things like long-term care or living benefits if you become seriously ill.

How does your State Treat Renter/Rental Insurance

In most U.S. states, life insurance benefits are generally income-tax free for the person receiving the money, which means your loved ones typically get the full payout without it being treated like regular income. However, depending on your situation, the payout can still be affected by things like estate taxes, and many families choose to set up trusts (like a life insurance trust) to help control how the money is distributed, protect it, and reduce tax complications.